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Succession buys four more firms

Succession Group has acquired four more firms, which will add £255m in combined funds under management to the company.

The acquired companies are Glasgow-based Independent Advisors (Scotland) and one of its appointed representatives Fergus Muirhead, London-based Booth Wealth Management and Warwickshire-based Rossmore Financial Services.

Succession has bought 47 business between January 2014 and 31 December 2017.

Succession Group chief executive James Stevenson says: “We now have 12 regional hubs and every one of these latest acquisitions will be key to strengthening our core business nationwide.”

Succession: We want to be ‘whole of market SJP’

Independent Advisors (Scotland) managing director Alistair Creevy says his firm was in talks with Succession for just six months prior to the deal completing.

He says Succession is investing in Glasgow as a “centre for business growth”.

Booth Wealth Management joined Succession’s affiliated membership in 2015 and Rossmore Financial Services joined Succession as a member two years ago.

In November last year, Succession completed the acquisition of Accountants Financial Services (Scotland) and H&L Financial, adding more than £400m in funds under management to the business.


Ten steps to acquisition success

Integration is rarely easy but getting it right is key There is a widely held view that the majority of acquisitions do not deliver long-term value to the acquirer. The Institute of Directors reckons this figure could be as high as 70 per cent, though it varies between market sectors. Here, I want to look […]


Succession appoints new directors in executive reshuffle

James Stevenson is appointed Succession Group managing director Succession Group has announced a number of new management appointments in a reshuffle of senior staff. James Stevenson has been appointed as its managing director and Sanjay Shah will become managing director of Succession Advisory Services. Stevenson joined Succession in 2015 as group operating director. In September […]


Succession adds £190m to funds with Scottish member

Scottish financial planning firm Accountants Financial Services, which has £190m funds under management, has joined Succession as a member firm. AFS is based in both Edinburgh and Glasgow. According to its website, six financial planners work for the firm. Managing director Paul Scarff says: “Becoming a member of Succession was a natural next step for […]

Jupiter Merlin portfolios hit by £223m outflows

Jupiter Fund Management’s £7.5bn multi-manager range, Merlin, suffered £223.8m net outflows in Q4, according to data from Morningstar, in the face of increasing competition and a spotlight on fees. Money Marketing sourced data from Morningstar on the Merlin portfolios following a trading update from Jupiter this week, which revealed the range continues to be one […]

Value remains within European equities

By Rob Burnett, Neptune European Opportunities Fund

In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.


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